Cash advance companies which are flouting regulations

Unscrupulous lenders that are online acting beyond your legislation, our detectives discovered.

  • Simon Read@simonnread
  • Friday 9 November 2012 21:00 < ^moreThanTen>
  • < > Responses< >

A study of online payday lending internet web sites carried out final week-end with respect to The Independent unveiled that significantly more than two-thirds of these haven’t any consumer credit licence that is valid.

The sites are breaking the law without a valid licence. The shocking data certainly are a signal that is fresh the sector is spiralling out of hand as increasing numbers of businesses pile in with the hope of creating an instant money away from struggling individuals.